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AXL Arrow Exploration Corp.

28.75
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arrow Exploration Corp. LSE:AXL London Ordinary Share CA04274P1053 COM SHS NPV (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 28.75 272,008 01:00:00
Bid Price Offer Price High Price Low Price Open Price
28.00 29.50 28.75 28.75 28.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 44.67M USD -1.11M USD -0.0039 -133.33 82.19M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:26:34 O 10,000 28.60 GBX

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Date Time Title Posts
26/7/202414:41Arrow Exp - The Second Phase Colombian O&G Sector Specialist8,764
29/11/202307:53Arrow Exploration111
04/1/202212:39Arrow Exploration-

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Arrow Exploration (AXL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:26:3528.6010,0002,860.00O
2024-07-26 15:20:5229.0018,4505,350.50O
2024-07-26 15:15:4628.607,0252,009.15O
2024-07-26 14:45:5929.0025,0007,250.00O
2024-07-26 14:43:5528.6540,00011,460.00O

Arrow Exploration (AXL) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Arrow Exploration Daily Update
Arrow Exploration Corp. is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker AXL. The last closing price for Arrow Exploration was 28.75p.
Arrow Exploration currently has 285,864,348 shares in issue. The market capitalisation of Arrow Exploration is £148,649,461.
Arrow Exploration has a price to earnings ratio (PE ratio) of -133.33.
This morning AXL shares opened at 28.75p
Posted at 22/7/2024 11:10 by mrscruff
There is higher trading volume on AIM, but the larger buyers have a global presence and drive the share price. Canacol, previously a distressed seller, has now completely cleared its shares, resulting in tightly held ownership. Among the larger buyers who influence the share price, there is ongoing net buying. While I wont be selling until take over (read BOD history), private investors can strategically choose their exit points based on a growing share price versus time, given the ample liquidity provided by these large buyers.
Posted at 03/7/2024 12:36 by jacks13
Well, the technical analysts say that three is the magic number. The share price has bumped its head against the previous all time high (close of 26.50p, 21 March) on three occasions lately; 25th and 27 June and 2 July. This morning we've seen the share price break through to the current price of 26.75p. In order to count as a new ATH it needs to close at that level (or higher). We might be seeing the last of the twenties in the next few sessions.
Posted at 20/6/2024 10:28 by mount teide
Swan & H&T

'The improved recovery from the horizontal well drilling campaign and waterflooding projects in the Llanos 34 Block (GeoPark operated, 45% WI) also added 2P reserves.'

'Q4/2023 Results / 17th Jan 2024 - llanos Basin: Five horizontal wells were drilled and put on production in 2023. They are currently producing 10,060 bopd gross in aggregate.'

'Well now/initial year end 2024

CNZ-1 1500 500
CNZ-2 1500 700
CNZ-3 1500 900
CNZ-4 1500 1100'

Medium/Heavy oil has been produced from the equally thick Oso Pardo Field reservoir for nearly a decade without experiencing any water cut......across the Llanos basin heavy oil reservoirs tend to produce at materially lower production rates from vertical wells compared to light oil reservoirs like the C7, and decline at materially lower rates.

Geopark - Horizontal Well Production for 2023

They drilled five wells - the average initial production rate for the three wells that results figures were released for were 2,750 bopd.

Lets assume the other two came on at the same average production.

During 2023, the 5 wells produced for an average of circa 6 months - by which time their average production was reported as 2,012 bopd (10,060 / 6). This is equivalent to an average decline rate of 29.4% over 6 months - compared with H&T's 6 month conservative estimated decline rate of 66.7% for CNZ-1.

By the end of 2024, in light of AXL's initial learning experience drilling and operating horizontal wells, I suspect the average decline rate for AXL wells will likely fall somewhere in between, but closer to Geoparks's decline figures. Why?

It would have been very challenging for GeoPark to add Field 2P reserves so early from the performance of the horizontal wells if the average decline rate was significantly greater than that achieved from producing vertical wells on the same field.

However, as posted previously, the economics of each AXL horizontal well producing at an initial stabilised rate of 500 bopd net, and experiencing the same decline rate as Arrow's light oil producing Tapir Block wells, would still produce a very large step change improvement in cash flow generation at $75 Brent compared to the vertical wells AXL has drilled to date on the Tapir Block.

It also worth bearing in mind that CNZ-1 came on 41% higher than AXL's modelling - and 65% higher than the modelled rate for CNZ-2....and that AXL's modelled production rate for CN Horizontal wells drilled in 2023 is circa 500 bopd gross by 2028.

AIMHO/DYOR
Posted at 19/6/2024 07:28 by ashkv
And to omit that other than CN and RCN wells limited/offline while water disposal measures/new wells underway. The below 3600 boe/d production omits Canada Gas AND IS SOLELY CRUDE PRODUCTION!!!

"Canada Update

Due to exceptionally low natural gas prices in Canada, the East Pepper and West Pepper wells have been temporarily shut in. These wells will restart once favorable economic conditions return. Net gas shut in is approximately 250 BOE/d net."

AXL Share Price -> 20.10p
AXL Current Share Price vs 52 Week low of 17p on 15 Nov 23 -> 18.24%
AXL Current Share Price vs 52 Week High of 27.75p on 21 March 24 -> -27.57%
Brent -> $85.25
Market Cap (GBP) -> £57,458,734
GBPUSD -> 1.270
Market Cap (USD) -> $72,972,592
Production Average FY 2022 -> 1,345
Production Average Q1 2023 -> 1,635
Production Average Q2 2023 -> 2,169
Production Average Q3 2023 -> 2,518
Production Average Q4 2023 -> 2,335
Production Average FY 2023 -> 2,167
Production Average Q1 2024 -> 2,730
Production Levels Mid-June 2024 -> 3,600
Net Cash (1 June 24) -> $12,100,000
Inventory (Q1 2024 Results) -> $492,240
Debt -> $0
Enterprise Value(EV) (Market Cap + Debt - Cash) -> $60,872,592
EV/Barrel Mid-June 2024 Production -> $16,909
EV/Barrel Q1 2024 Production Avg -> $22,298
EV/Barrel (Auctus 3900 Boe/d Expected By Q4 2024) -> $15,608
Decommissioning liability (Q1 2024 Results RNS) -> $4,282,861
2P Reserves (Year End 2023) -> 11,847,000 [Upward addition to CPR expected in 2024]
EV/2P -> $5.14
Shares Outstanding -> 285,864,348
Shares Outstanding (Diluted) -> 292,791,385
Net Cash Plus Inventory Component of AXL share price -> 3.47p
Posted at 17/6/2024 10:46 by ashkv
AXL Share Price -> 19.15p
AXL Current Share Price vs 52 Week low of 17p on 15 Nov 23 -> 12.65%
AXL Current Share Price vs 52 Week High of 27.75p on 21 March 24 -> -30.99%
Brent -> $82.50
Market Cap (GBP) -> £54,743,023
GBPUSD -> 1.265
Market Cap (USD) -> $69,249,924
Production Average FY 2022 -> 1,345
Production Average Q1 2023 -> 1,635
Production Average Q2 2023 -> 2,169
Production Average Q3 2023 -> 2,518
Production Average Q4 2023 -> 2,335
Production Average FY 2023 -> 2,167
Production Average Q1 2024 -> 2,730
Production Levels End March 2024 -> 2,900
Net Cash (31 Mar 24) -> $11,606,343
Inventory (Q1 2024 Results) -> $492,240
Debt -> $0
Enterprise Value (Market Cap + Debt - Cash) -> $57,643,581
EV/Barrel Q1 2024 Production Average -> $21,115
EV/Barrel Production Levels (March End 2024) -> $19,877
EV/Barrel (Auctus 3900 Boe/d Expected By Q4 2024) -> $14,780
Decommissioning liability (Q1 2024 Results RNS) -> $4,282,861
2P Reserves (Year End 2023) -> 11,847,000
EV/2P -> $4.87
Shares Outstanding -> 285,864,348
Shares Outstanding (Diluted) -> 292,791,385
Net Cash Plus Inventory Component of AXL share price -> 3.35p
Posted at 17/6/2024 10:45 by 11_percent
Share price is practically where it was pre-CN discovery, when production was much lower and alternative leads like Baquiano, Capullo and Mateguafa attic were not yet developed nor were the pads ready for drilling...

==================

A lot of AIM oil shares are showing this pattern.......the share price goes down before some major....or even not so major....news.......news comes out good......and share price goes up to where it was before the recent fall.

So.....you get no overall share price increase.
Posted at 30/5/2024 11:19 by ashkv
With the Auctus guided midyear CPR update figure that should come through shortly AXL EV/2p will equate to a lowly $3.75 per barrel including the expected 4.3mn barrel reserve addition at the present share price of 20p.

With a successful horizontal well - hopefully this dead duck gets some life!!! Also 2 water disposal wells should hopefully lead to a nice uplift for production!!! Also news on Capella restart would be welcome :)

Marshall Abbot "Management remains confident in the Arrow team to execute on the planned exploitation campaign pursuing our opportunity rich portfolio and getting shareholder value to the next level.""

We are waiting patiently for this "next level" shareholder value!!!

30 May 24 AXL Q1 2024 Results RNS

Share Price -AXL -> 20.00p
AXL Current Share Price vs 52 Week low of 17p on 15 Nov 23 -> 17.65%
AXL Current Share Price vs 52 Week High of 27.75p on 21 March 24 -> -27.93%
Brent -> $83.20
Market Cap (GBP) -> £57,172,870
GBPUSD -> 1.27
Market Cap (USD) -> $72,609,544
Production Average Q1 2023 -> 1,635
Production Average Q2 2023 -> 2,169
Production Average Q3 2023 -> 2,518
Production Average Q4 2023 -> 2,335
Production Average Q1 2024 -> 2,730
Production Average FY 2023 -> 2,167
Production Levels End March 2024 -> 2,900
Production Average FY 2022 -> 1,345
Cash (31 Mar 24) -> $11,606,343
Inventory (Q1 2024 Results) -> $492,240
Debt -> $0
Enterprise Value (Market Cap + Debt - Cash) -> $61,003,201
EV/Barrel Q1 2024 Production Avg -> $22,345
EV/Barrel Average FY 2023 Production Avg -> $28,151
EV/Barrel Production Levels -> End March 2024 -> $21,036
EV/Barrel (Auctus 3900 Boe/d Expected By Q4 2024) -> $15,642
Decommissioning liability (Q1 2024 Results RNS) -> $4,282,861
2P Reserves (Year End 2023) -> 11,847,000
EV/2P -> $5.15
Shares Outstanding -> 285,864,348
Shares Outstanding (Diluted) -> 292,791,385
Net Cash Plus Inventory Component of AXL share price -> 3.33p
Posted at 30/4/2024 12:33 by king suarez
Of course it's not a 'good look' for management to issue options right after the share prices has gone down, due perhaps to lack of transparency of production issues/declines.

But it was the shrewd/smart thing to do. Management are not our 'friends' they are shrewd, wealthy businessmen/operators looking to become even wealthier ones.

Timing wise they have probably picked the low in share price, just before horizontals kick-off, which will likely increase the share price. The timing is perfect (for them). These are the kind of strategic minds that we hope are going to get us a good sale price in a couple of years time. We don't want altruistic people who 'play fair' and will get bent over a barrel when negotiating a sale? We hard hard-nosed, experienced GREEDY management who will get us the best value for our assets.

You got to put ethics out the window. This is the stock market. There aren't many rich, self-sacrificing people about.

If they take the p1ss too much re: salaries etc with continual underperformance they will be voted out by main shareholders. If they make the main shareholders (and us) money - they will stay, and continue to feather their nest as best they can within the rules.
Posted at 30/4/2024 10:45 by che7win
KS,
Your comment:
“Alternatively, they could have just increased their salaries or awarded themselves bonuses where only the management benefit, irrespective of share price?”

It's not a case of either high salaries or high share options.

In the case of AXL, with a stagnant share price for 18 months and declining production over each of the last few quarters, it seems at odds that not only are share options permanently 10% of outstanding shares (which has diluted us badly because of poorly judged warrants increasing shares in issue excessively), but salaries, severances and directors fees has increased from 2.3m to 2.95m between 2023 and 2024.

Thats salary increases of 28% over one year!
See: 17. Key Management Personnel

Excessive pay increases and excessive share options on the back of a stagnant share price smells to me of excessive greed with no benefit for shareholders.
Posted at 29/4/2024 13:34 by ashkv
Share Price -AXL -> 20.50p
AXL Current Share Price vs 52 Week low of 17p on 15 Nov 23 -> 20.59%
AXL Current Share Price vs 52 Week High of 27.75p on 21 March 24 -> -26.13%
Brent -> $89.00
Market Cap (GBP) -> £58,602,191
GBPUSD -> 1.25
Market Cap (USD) -> $73,252,739
Production Average Q1 2023 -> 1,635
Production Average Q2 2023 -> 2,169
Production Average Q3 2023 -> 2,518
Production Average Q4 2023 -> 2,335
Production Average FY 2023 -> 2,167
Production Levels End March 2024 -> 2,900
Production Average FY 2022 -> 1,345
Cash (28 Mar 24 RNS) -> $12,000,000
Inventory (Q3 2023 Results) -> $885,517
Debt -> $0
Enterprise Value (Market Cap + Debt - Cash) -> $61,252,739
EV/Barrel Q4 2023 Production Avg -> $26,232
EV/Barrel Average FY 2023 Production Avg -> $28,266
EV/Barrel Production Levels -> End March 2024 -> $21,122
EV/Barrel (5000 Boe/d Expected By H2 2024) -> $12,251
Decommissioning liability (FY 2023 RNS) -> $3,973,075
2P Reserves (Year End 2023) -> 11,847,000
EV/2P -> $5.17
Shares Outstanding -> 285,864,348
Shares Outstanding (Diluted) -> 288,639,348
Arrow Exploration share price data is direct from the London Stock Exchange

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